Form 4: Lumentum Holdings EVP Wajid Ali Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP and CFO of Lumentum Holdings, Wajid Ali, reports disposing of shares to cover income tax obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Wajid Ali, the EVP & Chief Financial Officer of Lumentum Holdings Inc., disposed of 2,344 shares of common stock to satisfy income tax withholding obligations.
- The shares were disposed of at a price of $77.68 per share.
- Following the transaction, Ali directly owns 54,148 shares of Lumentum Holdings Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership trends.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transaction. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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